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FEB 04, 2013 - Zero Hedge

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Spain: No Mas

  The accusations of corruption against senior Popular Party officials, including Spanish Prime Minister Rajoy would not have necessarily been market move.   The accusations raise more questions than they answer.  However, Rajoy's denial may have deterred Asian traders early Monday, but European investors were more skeptical.     Confidence in the Rajoy government has been eroding as the economy deteriorates.  The fourth quarter contraction was deeper than the Bank of Spain expected.  News on Monday included the largest jump in unemployment since January ... Read More

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